Exercises
Exercises
Exercises
1.
Accounts Receivable component records and manages accounting data of all customers. It is also an
integral part of sales management.
a) Accounts Review
b) Accounts Receivable
c) Accounts Reporting
d) Accounts Retention
2.
This module covers the entire sales process, from creating quotations for customers and interested
parties, to invoicing, creating document drafts, and printing. SAP Business One provides an extensive
range of sales documents, each of which pertains to a different stage of the sales process.
Combine different types of content in one sales document by making appropriate settings in the Form
Settings window.
Perform batch processing of target documents using the Document Generation Wizard.
Create letters using the Dunning Wizard to notify customers of their open invoices and to remind them
of overdue payments.
3.
a) A record that contains information about the company's products and services
b) A record that contains information about the company's vendors and suppliers
c) A record that contains information about the company's customers
d) A record that contains information about the company's financial transactions
4.
Invoice: It is a document that will convey how much the customer has to pay for the goods and services
he has purchased and the due date for paying the amount. How does an invoice process through AR
module? The transactions are created either by importing them or by manually creating them.
5.
Payment terms outline how, when, and by what method your customers or clients provide payment to
your business. Payment terms are typically associated with invoice payments. They are an agreement
that sets your expectations for payment, including when the client needs to pay you and the penalties
for missing a payment.
6.
An aging report is a critical resource that lets companies know the total amount of receivables owed by
clients, and then breaks the information into segments based on age–such as 30-60 days. It provides
critical insight into which accounts are delinquent and which are in good standing.
a) A report that shows the age of the company's products and services
b) A report that shows the age of the company's vendors and suppliers
c) A report that shows the age of the company's customers' outstanding invoices
d) A report that shows the age of the company's financial transactions
7.
What is a credit memo in the AR module?
∎ The A/R credit memo (or credit note) is the document used to process returned items or. to give a
pricing credit, once an A/R invoice has been issued. ∎ Another option for correcting invoicing issues is to
cancel an invoice and reissue it.
8.
Down payments are sometimes also referred to as advance payments. A down payment is a payment
made or received before the physical exchange of goods and services. Once the receipt or delivery of
goods and services occurs, the down payment clears against the final invoice.
9.
Dunning is a systematic method of tracking overdue invoices and persistently sending letters to
customers to demand payment.
10.
A write-off is a request to remove any uncollectible revenue from the sale of a good or services that is at
least 1 year old from a department's account and reclass it as a bad debt expense. At no time is a
department allowed to waive an uncollectable debt without submitting a write-off request.
Exercise 03
1.
Which of the following documents is used in the Accounts Payable module for recording invoices
received from vendors?
The basic accounts payable cycle includes three significant documents – purchase orders (PO), receiving
reports (or goods receipt), and vendor invoices.
a) Purchase Order
b) Goods Receipt
c) Delivery Note
d) A/P Invoice
2.
Which of the following transactions can be performed in the Payment Run window in the Accounts
Payable module?
3.
Which of the following reports in the Accounts Payable module displays a list of open invoices owed to a
vendor?
4.
Which of the following documents is used in the Accounts Payable module for recording a return of
goods to a vendor?
a) Purchase Order
b) Goods Receipt
c) Delivery Note
d) A/P Credit Memo
5.
Which of the following fields in the Vendor Master Record in the Accounts Payable module contains the
vendor's bank account information?
a) Control Account
b) Payment Terms
c) Bank Details
d) Contact Person
6.
Which of the following options can be selected in the Payment Means tab of the Payment Run window
to make a partial payment to a vendor?
a) Payment Method
b) Due Date
c) Amount
d) Payment Reference
7.
Which of the following documents is used in the Accounts Payable module for recording an advance
payment made to a vendor?
a) Purchase Order
b) Goods Receipt
c) Delivery Note
d) A/P Invoice
8.
Which of the following reports in the Accounts Payable module displays a list of all invoices paid to a
vendor during a specified period?
9.
Which of the following options can be selected in the Payment Run window in the Accounts Payable
module to automatically apply payments to outstanding invoices?
a) Payment Method
b) Due Date
c) Open Items
d) Payment Reference
10.
Which of the following fields in the Vendor Master Record in the Accounts Payable module contains the
vendor's payment terms?
a) Control Account
b) Payment Terms
c) Bank Details
d) Contact Person
Exercise 04
1.
Which of the following statements is true about the financial module in SAP B1?
With SAP Business One, you gain access to a comprehensive set of functions and support for financial
accounting, ranging from journal entries and bank processing to accounts payable and accounts
receivable. This business solution enables you to fully control every transaction throughout your
expanding company.
2.
Reversal transaction refers to situations where a client has sent the money but it is yet to be received by
the merchant's account. While it is still being processed, the transaction can be reversed. Now, let's
explore refunds and reversal transactions in a little more depth.
3.
Which of the following reports in SAP B1 provides information about the budgeted vs. actual expenses
for a specific period?
a) Budget Overview report
b) Budget Variance report
c) Budget History report
d) Budget Transactions report
4.
5.
6.
Which of the following statements is true about setting up fixed assets in SAP B1?
a) You can only set up fixed assets in the Fixed Assets module
b) You can set up fixed assets in any module
c) You can only set up fixed assets if you have the Asset Management add-on
d) You can set up fixed assets in the Financial module
7.
8.
Which of the following statements is true about configuring fixed assets in SAP B1?
9.
Which of the following reports in SAP B1 provides information about the acquisition cost and
depreciation of fixed assets?
10.
Exercise 05
1.
Which of the following is not a step in the fixed asset class setup process in SAP B-1?
2.
Which of the following is not a fixed asset master data field in SAP B-1?
a) Acquisition cost
b) Accumulated depreciation
c) Useful life
d) Profit center
3.
4.
a) Straight-line
b) Linear
c) Double declining balance
d) Declining balance
5.
a) To increase the value of a fixed asset to reflect its current market value
b) To decrease the value of a fixed asset to reflect its current market value
c) To record the disposal of a fixed asset
d) To adjust the useful life of a fixed asset
6.
a) Scrapping
b) Transfer
c) Transfer
d) Sale
7.
8.
a) Balance sheet
b) Profit and loss statement
c) Trial balance
d) Customer invoice
9.
a) Aging report
b) General ledger report
c) Inventory valuation report
d) Sales order report
10.
Which of the following statements about fixed asset depreciation in SAP B-1 is false?
11.
Which of the following statements about fixed asset depreciation in SAP B-1 is false?
Exercise 06
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Exercise 07
1.
2.
3.
4.
6.
What is the purpose of the stock transfer request in SAP Business One?
7.
What is the purpose of the stock posting list in SAP Business One?
8.
What is the purpose of the inventory audit report in SAP Business One?
9.
What is the purpose of the bin location analysis report in SAP Business One?
10.
What is the purpose of the inventory valuation report in SAP Business One?
Exercise 08
1.
Which of the following is not a function of the product module in SAP B1?
a) Product creation
b) Inventory management
c) Sales order processing
d) Financial accounting
2.
3.
a) Item code
b) Quantity on hand
c) Price
d) All of the above
4.
Which of the following transactions can be performed in the inventory management module?
a) Goods receipt
b) Goods issue
c) Stock transfer
d) All of the above
5.
a) A transaction that moves products from one location to another within the same warehouse
b) A transaction that moves products from one warehouse to another
c) A transaction that adjusts the quantity of products in stock
d) A transaction that adds new products to the inventory
6.
7.
Which of the following documents is used to record the receipt of goods from a vendor?
a) Purchase order
b) Goods receipt
c) Sales order
d) Delivery note
8.
Which of the following documents is used to record the shipment of goods to a customer?
a) Purchase order
b) Goods receipt
c) Sales order
d) Delivery note
9.
10.
Exercise 09
1.
What is the purpose of the Sales Opportunities module in SAP B-1 CRM?
2.
In the Sales Opportunities module, what is the difference between a lead and an opportunity?
3.
Which of the following can be used to create a sales opportunity in SAP B-1?
a) A sales quote
b) A sales order
c) A sales invoice
d) A sales return
4.
5.
a) Maintenance call
b) Sales call
c) Marketing call
d) Billing call
6.
7.
Which of the following is a tool used to manage service calls in SAP B-1?
a) Service Contracts
b) Service Orders
c) Service Calls
d) Service Quotations
8.
What is the purpose of the Service Level Agreement (SLA) in SAP B-1 CRM?
9.
10.
What is the purpose of the Contract Templates feature in SAP B-1 CRM?
Exercise 10
1.
a) USD
b) EUR
c) INR
d) JPY
2.
a) USD
b) EUR
c) GBP
d) GBP
3.
4.
Which of the following statements is true regarding currency exchange rates in SAP Business One?
5.
Which of the following documents in SAP Business One are affected by currency exchange rates?
a) Sales orders
b) Purchase orders
c) Invoices
d) All of the above
6.
What is the purpose of the "currency rate differences" account in SAP Business One?
a) To record the difference between the exchange rate at the time of transaction and the current
exchange rate
b) To record the difference between the base currency and the foreign currency used in the
transaction
c) To record the difference between the invoice amount and the payment received
d) None of the above
7.
Which of the following statements is true regarding multi-currency journal entries in SAP Business One?
8.
Which of the following reports in SAP Business One displays the exchange rate used for a specific
transaction?
a) Balance sheet
b) Journal report
c) Profit and loss statement
d) Currency rate differences report
9.
What is the purpose of the "exchange rate differences" report in SAP Business One?
10.
Which of the following statements is true regarding currency revaluation in SAP Business One?
Final Exam
1.
a) USD
b) EUR
c) INR
d) JPY
2.
3.
Which of the following documents in SAP Business One are affected by currency exchange rates?
a) Sales orders
b) Purchase orders
c) Invoices
d) All of the above
4.
Which of the following reports in SAP Business One displays the exchange rate used for a specific
transaction?
a) Balance sheet
b) Profit and loss statement
c) Journal report
d) Currency rate differences report
5.
a) Item code
b) Quantity on hand
c) Price
d) All of the above
6.
Which of the following documents is used to record the receipt of goods from a vendor?
a) Purchase order
b) Goods receipt
c) Sales order
d) Delivery note
8.
9.
10.
Which of the following reports in SAP B1 provides information about the budgeted vs. actual expenses
for a specific period?
11.
12.
13.
Which of the following statements is true about configuring fixed assets in SAP B1?
14.
a) Accounts Review
b) Accounts Reporting
c) Accounts Receivable
d) Accounts Retention
15.
16.
17.
a) Sales
b) Purchasing
c) Inventory
d) Banking
18.
Which of the following statements is true about the Bank Master Data screen?
19.
Which of the following can be used to create a sales opportunity in SAP B-1?
a) A sales invoice
b) A sales quote
c) A sales order
d) A sales return
20.
a) Maintenance call
b) Sales call
c) Marketing call
d) Billing call
21.
22.
The goods issue function lets you reduce the inventory level in a situation that is not direct result of a
sales document entry. After an item is sold, the warehouse inventory is automatically reduced when SAP
Business One enters the transactions.
A goods issue from SAP Extended Warehouse Management (SAP EWM) is a physical departure of
products from your warehouse. With a goods issue posting, you reduce the stock in the warehouse. You
can use a goods issue to indicate goods deliveries to your customers.
A warehouse request goods issue allows you to display your complex stock removal process steps and
includes the following functions:
23.
Which of the following is not a step in the fixed asset class setup process in SAP B-1?
Asset type
Attribute group
Depreciation area
Account determination
Depreciation type
Useful life
a) Define depreciation area
b) Define useful life
c) Define depreciation method
d) Define asset group
24.
a) Straight-line
b) Declining balance
c) Double declining balance
d) Linear
25.
Which of the following documents is used in the Accounts Payable module for recording invoices
received from vendors?
a) Purchase Order
b) Goods Receipt
c) Delivery Note (A delivery note is a document that accompanies a shipment of goods. It provides
a list of the products and quantity of the goods included in the delivery.)
d) A/P Invoice